Thursday, February 3, 2011

Expedia faces $184M judgment in lawsuit - Orlando Business Journal:

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The suit in King County Superior Court was related to a breacyh ofcontract claim. The courft granted the plaintiff's motion for summarh judgment on Friday, and said damages for the allegexd breachare $184.47 million, Expediwa said in a regulatory filing. Expedia Inc. (NASDAQ: said the judgment is not finalo and that itwould appeal. However, it notef that it would need to post a bond or possibly for the full in order to appeal afinal judgment. "Wde believe that the court’s decision is wronh on the law and wrong on the thecompany said. "Expedia.
com chargef its customers a service fee for certain transactions durinvg the perioddescribed above, which was fully disclosed to each customer before a bookingb was completed, and we are confident that we have fulfillede all applicable obligations to our customers. Becausw we believe that the court’s decision is inconsistent with both the factsx andthe law, we will vigorously pursue our rights on Separately, the company said it had signed new employmenyt agreements with CEO Dara Khosrowshahi and general counse l Burke Norton. Under the three-year agreements, Khosrowshahii will receive hiscurrent $1 million annual base Norton's base salary will increase to $425,000 from $375,000.

Monday, January 31, 2011

UCF sophomore forward Dave Diakite has knee surgery - Orlando Sentinel

cowboyandrew-familiarity.blogspot.com


Central Florida News 13


UCF sophomore forward Dave Diakite has knee surgery

Orlando Sentinel


The Miners are tied for first in the Conference USA standings, while the Knights are in last place. Junior point guard AJ Rompza continues to be hobbled by ...


UAB's win over UCF makes it six consecutive C-USA losses

Central Florida Future


Recap: U-C-F vs. U-A-B

Kansas City Star


Record Number of Fans Watch Basketb »

Saturday, January 29, 2011

Fed's Beige Book: Midwest contraction

zlatkopaisley1275.blogspot.com
Whereas some industries experienced substantial dropse in activity during the pastsix weeks, modes t increases in other sectors led the Fed to characterize the Nintj District’s contraction as moderating. The Ninth Federall District includes Minnesota, Montana, North Dakota, South Dakota, the Upper Peninsula of Michiganh andnorthwestern Wisconsin. Consumer spending and tourism werestillo weak, but had “improverd somewhat from the previous few according to the Fed. The servicee sector continued to experiencedecreased revenue, employmenr and profits compared to a year ago, and further profitr contraction is likely.
The Fed characterized the commercial real estater sectoras “anemic,” adding that residentiapl construction continued at steadily low levels. The residentiakl real estate market did see more activity than in the previouszreporting period. Manufacturing continued its slide, as did energ y and mining. However, some wind energy projectse continue tomove forward, and gold mined are at “near capacity production.” Labor markets continuedr to struggle. Job cuts in many of them in the healtu careand medical-device fields, were citedf by the Fed in its assessment of labor conditions.
Wage increases were modest, and firmds surveyed by the Fed expect toincreasee employees’ wages by 1.8 percent over the next year. Price however, were “subdued,” with the rising cost of gas anotabld exception, the Fed reported. The Fed’s next Beigd Book report is dueJuly 29.

Friday, January 21, 2011

Sundance sees sinister start with 'The Guard' and 'Silent House' - Entertainment Weekly

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Sundance sees sinister start with 'The Guard' and 'Silent House'

Entertainment Weekly


Dirty deeds, done dirt cheap. The old AC/DC lyrics apply to some of the early films kicking off this year's Sundance Film Festival. ...



and more »

Tuesday, January 18, 2011

Study: CFOs foresee more job cuts, credit woes - The Business Journal of Milwaukee:

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The quarterly Duke University/CFO Magazine Global Business Outlook Surveyasked 1,309 CFOs worldwide about theird expectations for the economy. Their answer paint a gloomy picture for the rest ofthe year. * CFOs in the U.S. and Europr expected employment to shrinkby 5.5 with the unemployment rate in the U.S. seen risingt to perhaps as high as 12 percent in the next 12 Employment in Asia is expected to recedeby 1.2 percent.
“Presumably, governmenft programs will offset some of these losses, but even the most optimisticc government forecasts would reduce the losses by only 2 said Campbell Harvey, founding director of the survey and internationaol business professor at Duke’s Fuqua School of “We’re facing the possibility of another 4 million lost * U.S. and European CFOs foreses capital spending plunging by more than10 percent. In CFOs anticipate a 3 percent * Six in 10 U.S. companies coveres by the survey reported having trouble findingb credit or acquiring credit at areasonabls rate.
Among those firms encounteringcreditt impediments, 42 percent say the credit markets have gotten worsr this year, while 23 percent say conditionds have improved. * Weak consumer demand and the creditf markets ranked as the top two externak concernsamong U.S. chief financial officers, with the federao government’s policies coming in third. Amongb internal concerns, CFOs are losing the most sleep over thei r inability to plan due to economic managingtheir companies’ capital and liquidity, and maintainint employee morale.
Despite all the negatived indicators, a majority of the CFOs in the Unitedr States and Asia reported beint more optimistic this quarter than they were thepreviousx quarter. That was not the case in Europe, wherw only 30 percent of the CFOs said they were more compared to the 31 percent who said they wereless “Our survey carries an important message: Don’tt put too much weight on the ‘soft’ data like consumer confidence. Recovery requires sustained confidence, and such confidence is forges by strongereconomic fundamentals,” Harvey said.
“The economic fundamentalxs –- employment, capital the cost of credit – are still fundamentally To see the complete survey go to the officialWeb . On Tuesday, the Robert Half International Financial Hiring Index indicated little change in financial hirin in theMilwaukee area. That survey founcd that 3 percent of metro Milwaukee chief financiao officers expected to add accounting and finance stafr during the third quarter of while 4 percent saw jobs cuts on the The majority ofCFOs -- 93 percent -- saw no change in hiring.